Top three ELSS scheme that you can opt for

ELSS
is considered as the best way to save a good amount of tax without breaking any
rule. However, if you are new to investment, and aren’t aware of the different
aspects of finding the best investment scheme, then you would have no other
choice to invest in the bond where your officemates and friends are investing
it.

However,
as an investor, you should know that the investing needs of every single
investor are different. Some users invest their money to save a specific amount
from their salary, whereas some invest to save the taxes. And if you find
yourself in the category of taxi saving personnel, then you should look for the
ELSS instead of investing money on mutual funds and other modes of investment.

In this article, we will focus on the three best ELSS scheme that are gaining enormous popularity among those investors who are willing to get the best returns along with reliable tax savings. So, be with us to know more about the best options that are currently available to you to invest.

Axis Long Term Equity Fund

Axis
long term Equity find is an ideal fund to invest for those buyers who were
after a long term investment fund that can help them grow money for a specific
goal and also can help them get the tax benefits under 80c. With a perfect
blend of investing in the large and mid caps, this equity funds from Axis is
one of the best performing funds in recent years.

So,
if you were looking for a reliable and efficient tax saver that provides great
results, you should once have a look at the Axis Long term Equity Fund

ABSL
Tax Relief ’96-Direct

For the investors who are looking for a fund that has been
in the market from quite a long time and has performed relatively better than
most of the other similar funds in the category. The fund is from the Aditya
Birla group, which is known to have a good team of market experts who will
assure that your money is in safe hands and you will get the best benefits as
per the market trends.

By investing your money to it, you can be assured to get
the best returns and the best tax benefits. So, go for it, if you were after
reliable results.

Mirae
Asset Tax Saver Direct

Mirae Asset Tax Saver Direct is one of the best
funds to go with if you were looking for the brilliant returns. The fund has
grown relatively better than the others in the past three years and brilliantly
utilizes your money to the combination of large, mid and small caps that
minimizes the risks and maximizes the returns.

If you were looking for a direct mutual fund app that can help you grow your wealth long term along with the tax savings, the Mirae Asset Tax Saver Direct would be an ideal choice for you.

So, these were the three best ELSS schemes that
you can opt for. All of them have performed exceptionally well and have
provided users with the best returns. So, choose one according to your
preference or invest a little amount of all of them, as per the convenience.

How to Check Central KYC Status Online in India?

Central KYC or CKYC is an initiative by the government to implement the KYC process of all financial sector companies under a single window. CKYC is managed by Central Registry for Securitization Asset Reconstruction and Security Interest of India (CERSAI).

All individual investors of mutual funds are now required to fulfill KYC requirements as per KYC norms.

The central KYC or CKYC has replaced the old KYC process. It is a centralized process that prevents you from submitting multiple KYCs from opening savings bank accounts, buying life insurance, or investing in mutual fund goods once in a centralized process. Where and how to check central KYC status online in India?

A modern Central KYC or CKYC has replaced the old KYC process. This reduced several KYC submissions at various financial transaction stages.

It is a single, integrated KYC process for all financial transactions carried out by you. In the old KYC format, PAN was the sole identifier of an investor. However, the list transcends Aadhaar and PAN in the new central KYC registry system. It removes your financial transactions for KYC at various levels or in different financial institutions.

It is also a form of creating new KYC or modifying existing KYC. Three types of accounts are specified.

One is the general account

The other is for simplified or low-risk account

And the third is for small account investors

You have to make a selection that applies to you.

If the aggregation of all credits in a financial year does not exceed one lakh rupees, the aggregate of all withdrawals and transfers in a month does not exceed ten thousand rupees, or the balance in any period exceeds fifty thousand rupees. If it does not occur, then you will be treated as an investor in a SMALL account.

Customers who are simple or low risk, customers who are unable to submit any of the six specified documents. They are passport, driving license, PAN card, and Voter ID, NREGA, or Aadhaar card.

The FATCA declaration also includes the CKYC or Central KYC. Therefore, it prevents you from declaring the same at different rates of your investment.

How to check central KYC status online in India?

Until now, online checking for CKYC or Central KYC status was not linked. As a result, many found it difficult to check the status online. Recently, Karvy launched an online testing facility for CKYC or Central KYC status.

I think it is a great relief. I know that even if you have submitted the CKYC or Central KYC application, in some cases, the status may not show this. I think they are still on data compilation mode. But still, I think it is a significant relief for many.

Why You Need to Know Your Mediators During a Mediation

In any case, you want to ensure that you get the right mediation when you need to, but what’s also extremely important is that you know who your mediators are during the mediation process. There are many reasons for this, and we’re going to tell you why in this exceptional guide. Mediation can be a great tool in any different settings, and is actually a great thing to consider when in a divorce case, among others.

What is Mediation in Detail?

We already mentioned that mediation is a form of negotiation. However, it’s also important to know that it depends on the situation on what kind of mediation you’re going to need. Other forms of mediation may be things like contract agreements, money owed, and more. Usually if two parties can come to a negotiable term, then both people can walk away in a win – win situation. This is what the mediators are for – to simply help the two parties come to a conclusion of settlement. A lot of people go into it blindly though, and this isn’t the right thing to do.

How Well Do You Need to Know Your Mediator?

We’re not saying to be best friends with them, as this can often cause problems, especially in the law to client industry. When you want to hire a mediator, you want to know details about their credentials, and their academic side of things, as well as their counseling skill to ensure that they’re going to help both people reach an agreement, and then not make it a one-sided ordeal. Mediators are masters in their field. They’ve often been on both sides of the fence when it comes to having the experiences of both parties, and they also have legal knowledge on both sides of an argument to help reach a resolution.

You Want to Make Sure They’re Licensed

Don’t just believe a law office because they say they’re mediators. You want to ensure that they have the licenses to practice either of those sides. Often times, lawyers who have helped mediate both offensive cases and defensive ones have the best turnaround for success. If you hire the right mediator for your needs, you can guarantee that they have a solid reputation with numerous clients in order to get the job done the right way the first time, every time.

Conclusion

The first thing to realize is that you both need to be familiar on who the mediator is. Their ultimate goal is to reach a settlement between the two of you. They often don’t get paid until that is done. At the same time, you want to have numerous pre-mediation conferences in order to get the right legal counsel, but don’t just do it yourself – have the other person go and have counsel with them as well. This way, both parties can work together to have the mediator come out on top with a solid resolution that will leave the both of you walking away happy and signing papers. These are excellent in cases where you’re trying to get an annulment, or even just file for a dissolution of marriage, but want to remain civil to one another.

The Best Type Of Equity Mutual Fund To Invest In Now For The Medium Term

The medium-term varies from person to person, so the choice of fund type varies. As far as this issue is concerned, I think the medium term is 4-6 years. At this time, one can quickly get benefits from the ELSS scheme, or no hybrid fund will do well. Now investing is a personal choice. Those who know the medical industry would prefer to invest in the pharmaceutical sector, while those who want to take the risk can choose a fund that invests in small and medium-sized companies, and a person seeking a fixed income can go for a debt fund. Therefore, choose a mutual fund as per your choice.

Some of the equity funds last year, when the Sensex crossed 23000, have received negative returns of over 10 percent.

If you want to invest for a period of fewer than 12-15 months, then it is better to invest in mutual bond funds, which can contribute to 8-10%.

If you have a period of more than 15-24 months, invest in a balanced mutual fund with exposure to equity of 60 percent.

If you invest in equity mutual funds, you need a much more extended period. By investing in mutual funds, the rate of inflation falls and your money increases on a long-term basis. You can also choose the best 2-3 funds and create a SIP portfolio. More diversification is also not good for the portfolio.

Equity mutual funds to achieve your long-term goals. While a ‘best’ fund is arbitrary and complicated, a good list of your portfolio can be narrow. Has a laundry list of equity funds with a good track record; Here are some essential considerations that you need to keep in mind before choosing for yourself:

Select a fund house that has a strong global or domestic track record in asset management.

Choose a plan that has appropriate funds.

Watch for schemes that have a consistent long-term track record.

If you want to save taxes under Section 80C, then choose these ELSS schemes

Birla Sun Life Tax Relief 96 Fund

DSP Blackrock Tax Saver Fund

Franklin India Tax Shield Fund

Axis Long Term Equity Fund

ICICI Prudential Long Term Equity Fund

In the Large-cap

SBI Blue Chip fund

Kotak Select Focus fund

Franklin India Oppor.

BNP Paribas Equity fund

Reliance Focused Large Cap Fund

Birla Sunlife Frontline Equity Fund

In the Multi-Cap

ICICI Prudential Value Discovery Fund

Reliance Equity Opportunities

DSP Blackrock Opportunities

And these funds have done well in small/mid-cap

Birla Sun Life Midcap

Franklin India Smaller Companies

For medium investors

SBI Magnum Multi-Cap

Kotak Select Focus Fund- Regular Plan

All of these are superb funds with a long track record and growing corpus. While aggregate returns in the equity world can be unpredictable, given enough time, they will undoubtedly beat inflation by a significant margin.